The long-awaited Ekiti State Study Jæm started on a good note as the participants showed up with their gadgets, a broad smile and ardent desire to learn.
æternity is an open source in the blockchain that help solve the problem from such has scalability, governance, usability, efficiency, real-world data, contract security.
The lead for ækiti community, in the person of Emmanuel Joseph(JET), welcomed the participants by giving them full details concerning the workshops and breaking down the curriculum.
Developer Study Jæm’s main goal is bringing together existing web developers from different tech communities to learn æternity technologies, provide necessary support and most importantly to aid their rewardability on the æternity development 101 course on dacade. Besides these, there are also opportunities to win several prizes from the competitions.
Jesulonimi Akingbesote (The Co-Lead for ækiti) took it up from there by giving detailed explanation about Blockchain and the advantages and disadvantages of Blockchain that exists.
Some of the advantages being transparency in transactions, it also makes transactions efficient, private and secure; he also explained disadvantages including transactions per seconds and susceptibility to being hacked(51% attacks)
Although with blockchain encryption, decentralization and tokenization are made even possible. Jesulonimi futher spoke about Nodes, Proof of Work(PoW) and Proof of Stake(PoS), etc.
JET ended the first day by explaining æternity, it’s technologies and some it’s terminologies:
- State channels Via Smart Contracts:
State Channels provides a method for users to privately communicate and transact off-chain. Only in the case of a disagreement between the contracting parties does the æternity blockchain enforces the smart contract code.
Oracles are sources of information that can be accessed on the blockchain. Anyone can be an oracle provider, their reputation determines whether or not they are seen as reliable sources.
JET then briefly explained dacade and a promise of having an online session with the founder(Moritz Stellmacher) the next day.
It was an insightful session as moritzfelipe showed the participants how to make reviews and learn effectively on Dacade. He also gave thorough answers to every question asked.
JET further advised the Jæmers to take up the opportunity to learn on Dacade and explained how dacade would be used during the #devstudyjaem. He also reminded them that at the end of Ekiti Study Jæm, they would be building a Chat æpp with æternity blockchain as their project.
With the sharing of snacks and enthusiasm on the part of the participants, the session for the first week came to an end.